Analyst Rating Update on PBF Energy (PBF)

PBF Energy (PBF) : Zacks Investment Research ranks PBF Energy (PBF) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.36, which indicates as a Buy.

PBF Energy (PBF) : 9 investment research analysts covering PBF Energy (PBF) have an average price target of $27.22 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $19 for the short term. Analysts expect the variance to be within $4.68 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, JP Morgan, downgrades their rating on the shares of PBF Energy (NYSE:PBF). JP Morgan has a Neutral rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $21 per share from a prior target of $33. The rating by the firm was issued on July 11, 2016.


PBF Energy (NYSE:PBF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.63 and $22.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.99, notching a gain of 5.50% for the day. The total traded volume was 3,469,174 . The stock had closed at $22.74 on the previous day.

PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products. PBF owns and operates three domestic oil refineries and related assets with a combined processing capacity, known as throughput, of approximately 540,000bpd, and a weighted average Nelson Complexity Index of 11.3. PBF Energys three refineries are located in Toledo, Ohio, Delaware City, Delaware and Paulsboro, New Jersey. The Company operates in two business segments: Refining and Logistics. The Companys three oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, and are aggregated into the Refining segment. PBFX operates logistical assets , such as crude oil and refined petroleum products terminals, pipelines, and storage facilities, which are aggregated into the Logistics segment.

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